Key Points
- Insider James Robert Maclean bought 10,000 shares at C$5.73 on March 20, raising his stake 5.7% to 185,322 shares valued at about C$1.06M.
- Baytex reported a loss of C($1.11) EPS last quarter with negative ROE (-16.25%) and net margin (-40.77%), and the stock trades within a 52‑week range of C$1.91–C$6.35 with a C$4.37B market cap.
- Analysts have a consensus rating of Moderate Buy with a C$5.54 target, and the company pays a quarterly dividend of C$0.0225 (annualized C$0.09, yield ~1.5%).
Baytex Energy Corp. (TSE:BTE - Get Free Report) (NYSE:BTE) insider James Robert Maclean acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, March 20th. The stock was bought at an average cost of C$5.73 per share, with a total value of C$57,300.00. Following the purchase, the insider owned 185,322 shares in the company, valued at C$1,061,895.06. The trade was a 5.70% increase in their ownership of the stock.
Baytex Energy Stock Performance
Shares of Baytex Energy stock opened at C$5.92 on Friday. The company's 50 day moving average price is C$5.26 and its two-hundred day moving average price is C$4.42. The firm has a market capitalization of C$4.37 billion, a P/E ratio of -7.59, a P/E/G ratio of 0.12 and a beta of 0.94. Baytex Energy Corp. has a fifty-two week low of C$1.91 and a fifty-two week high of C$6.35. The company has a debt-to-equity ratio of 4.94, a current ratio of 3.61 and a quick ratio of 0.77.
Baytex Energy (TSE:BTE - Get Free Report) (NYSE:BTE) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C($1.11) earnings per share (EPS) for the quarter. Baytex Energy had a negative return on equity of 16.25% and a negative net margin of 40.77%. On average, equities analysts forecast that Baytex Energy Corp. will post 0.3703367 earnings per share for the current fiscal year.
Baytex Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were issued a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, March 13th. Baytex Energy's dividend payout ratio is presently -11.54%.
Analysts Set New Price Targets
BTE has been the topic of a number of recent research reports. Raymond James Financial raised Baytex Energy from a "hold" rating to a "moderate buy" rating and lifted their price target for the company from C$5.50 to C$7.00 in a research note on Monday, March 30th. Scotiabank raised their price objective on shares of Baytex Energy from C$5.25 to C$5.50 and gave the company an "outperform" rating in a report on Tuesday, January 20th. Canaccord Genuity Group downgraded shares of Baytex Energy from a "buy" rating to a "hold" rating and cut their target price for the stock from C$5.00 to C$4.75 in a research report on Tuesday, January 27th. Royal Bank Of Canada lowered shares of Baytex Energy from an "outperform" rating to a "sector perform" rating in a report on Tuesday, January 13th. Finally, TD Securities upped their price target on shares of Baytex Energy from C$5.00 to C$5.50 and gave the company a "hold" rating in a research report on Thursday, March 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Baytex Energy has a consensus rating of "Moderate Buy" and a consensus price target of C$5.54.
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About Baytex Energy
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Baytex Energy Corp is an oil and gas company. Geographically, the group operates in Canada and the United States. The company derives a majority of revenue from Canada. Its Canada segment includes the exploration, development, and production of crude oil and natural gas in Western Canada.
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